Housing markets in Asia Pacific face uncertainty
Continued government intervention in property markets across Asia has proved effective, as lending restrictions, additional taxes and protection from hot foreign money has led to a quarterly drop in mainstream prices across Malaysia, Taiwan and Singapore.
The latest analysis report from consultants Knight Frank shows that China has seen house prices fall due to government policy and India, which is facing a stuttering economy, also saw prices turn negative over the last three months. [click to continue…]
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Looks like they've finally hit the wall.
Just surprised it's taken this long. Sales staff were on huge commissions & the MD liked to rub shoulders...